Struck+it+Rich

 __ Struck it Rich: __ Congratulations you and your partner have been awarded 500,000 for selling the copyright to your invention. Through the next two weeks you and your partner must use a spreadsheet to organize, analyze, and report your income and expenses. You must: v PAY TAXES: you will need a column for the NC rate which is 4,072.50 PLUS 7.75% of the amount over 60,000. v For Federal taxes you will pay 31% of the total. v Invest at least 15% of the after taxes total into the stock market. To create a stock portfolio you will need to have a separate sheet on your Excel (google docs) file. You will need the following headings:

Ø Company Name Ø Stock Symbol Ø Purchase Date Ø Purchase Price Ø No. of Shares Ø Initial Investment Ø Sell Date: (Last date of project) Ø Sell Price Ø <span style="font-family: 'Berlin Sans FB','sans-serif'; font-size: 14pt; line-height: 105%;">Total Value at Selling Ø <span style="font-family: 'Berlin Sans FB','sans-serif'; font-size: 14pt; line-height: 105%;">Gain/Loss Ø <span style="font-family: 'Berlin Sans FB','sans-serif'; font-size: 14pt; line-height: 105%;">% of profit (take the gain/loss amount and divide by Initial investment)

v <span style="font-family: 'Berlin Sans FB','sans-serif'; font-size: 14pt; line-height: 105%;">Donate 2% of your net after taxes to a non-profit organization. You and your partner will need to create a 2 paragraph double spaced report about the organization. You will need to include a detailed description of the organization and a summary paragraph of how your investment will make the world a better place. How are YOU contributing world?

<span style="border-bottom: #835d00 1pt dotted; border-left: medium none; border-right: medium none; border-top: #835d00 1pt dotted; display: block; margin-left: 4.5pt; margin-right: 0in; mso-border-bottom-alt: dotted #835d00 .25pt; mso-border-bottom-themecolor: accent2; mso-border-bottom-themeshade: 128; mso-border-top-alt: dotted #835d00 .25pt; mso-border-top-themecolor: accent2; mso-border-top-themeshade: 128; mso-element: para-border-div; padding-bottom: 6pt; padding-left: 0in; padding-right: 0in; padding-top: 1pt;"> v __ Struck it Rich: __ v <span style="font-family: 'Berlin Sans FB','sans-serif'; font-size: 14pt; line-height: 105%;">Purchase a house. After you calculate how much money you have left you will need to purchase a house. Choose one that is located in New Hanover, Harnett, Brunswick, or Cumberland County. To purchase a house you must use a Realtor’s website. You may either use [|www.realtor.com], [|www.remax.com], or Google search for any of the major Realtors in YOUR area. Include the purchase price in your Budget spreadsheet. To verify you will need a Word Document that has the MLS number (that is the number issued to the realtor when the house goes on the market for sale). It would be fine if you copied and pasted the entire listing into the word document so we can see a picture of your house as well, just make sure you have the link cited correctly.

<span style="font-family: 'Berlin Sans FB','sans-serif'; font-size: 14pt; line-height: 105%; margin: 0in 0in 0pt 0.5in;">On your Budget spreadsheet you will include a column for groceries (average about $200 per month per person living in the household)

<span style="font-family: 'Berlin Sans FB','sans-serif'; font-size: 14pt; line-height: 105%; margin: 0in 0in 0pt 0.5in;">You will need to include Utilities>> let’s average $25 per sq foot of your home.

<span style="font-family: 'Berlin Sans FB','sans-serif'; font-size: 14pt; line-height: 105%; margin: 0in 0in 0pt 0.5in;">You will also need to purchase a car. Find the vehicle on either [|www.kbb.com], [|www.autotrader.com], or [|www.cars.com]. Include the description of the vehicle a Word Document and include the link to the website.

<span style="font-family: 'Berlin Sans FB','sans-serif'; font-size: 14pt; line-height: 105%; margin: 0in 0in 0pt 0.5in;">NOTE <span style="font-family: 'Berlin Sans FB','sans-serif'; font-size: 14pt; line-height: 105%; margin: 0in 0in 10pt 0.5in;">Pay attention to your stocks DAILY, monitor them so that if you start losing money you can sell your stock and pick another company to invest in. <span style="font-family: 'Berlin Sans FB','sans-serif'; font-size: 14pt; line-height: 105%; margin: 0in 0in 10pt 0.5in;">We have different Spring Breaks so you will need to discuss who will do what part of the project before this FRIDAY. Good communications skills is a must! <span style="font-family: 'Berlin Sans FB','sans-serif'; font-size: 14pt; line-height: 105%; margin: 0in 0in 10pt 0.5in;">MS. Kyle and I will be participating as well.